Q4 Results Live Updates: Bharat Forge Profit Impacted By One-Time Loss; MRF Announces Dividend

Vardhman Textiles Q4FY26 (Cons, YoY)

• Net Profit down 22.2% at Rs 185 crore versus Rs 237 crore
• Revenue down 0.4% at Rs 2,498 crore versus Rs 2,509 crore
• EBITDA up 2.5% at Rs 294 crore versus Rs 287 crore
• EBITDA Margin at 11.8% versus 11.4%

Bharat Forge reported a one-time loss of Rs 98.7 crore, impacting overall profit for the quarter. 

Bharat Forge Q4FY26 (Cons, YoY)

Net Profit down 17.5% at Rs 233 crore versus Rs 282 crore
Revenue up 17.5% at Rs 4,528 crore versus Rs 3,853 crore
EBITDA up 14.1% at Rs 778 crore versus Rs 681 crore
EBITDA Margin at 17.2% versus 17.7%

Stylam Industries Q4FY26 (Cons, YoY)

• Net Profit up 29.1% at Rs 38.2 crore versus Rs 29.6 crore
• Revenue up 6.7% at Rs 283 crore versus Rs 265 crore
• EBITDA up 29.3% at Rs 55.5 crore versus Rs 42.9 crore
• EBITDA Margin at 19.6% versus 16.2%

MRF Q4FY26 (YoY)

• Net Profit up 36.7% at Rs 680 crore versus Rs 498 crore
• Revenue up 13.9% at Rs 7,908 crore versus Rs 6,944 crore
• EBITDA up 21.1% at Rs 1,263 crore versus Rs 1,043 crore
• EBITDA Margin at 16% versus 15%

Other Updates

• Recommends final dividend of Rs 229 per share

Indoco Remedies Q4FY26 (Cons, YoY)

• Net Loss at Rs 21.6 crore versus loss of Rs 40.4 crore
• Revenue up 21.9% at Rs 476 crore versus Rs 390 crore
• EBITDA at Rs 49.7 crore versus EBITDA loss of Rs 0.8 crore

Craftsman Automation Q4FY26 (Cons, YoY)

• Net Profit up 74.3% at Rs 116 crore versus Rs 66.8 crore
• Revenue up 27.3% at Rs 2,226 crore versus Rs 1,749 crore
• EBITDA up 47.2% at Rs 359 crore versus Rs 244 crore
• EBITDA Margin at 16.1% versus 13.9%

CarTrade Tech Q4FY26 (Cons, YoY)

• Net Profit up 54.5% at Rs 64.6 crore versus Rs 41.8 crore
• Revenue up 19.8% at Rs 203 crore versus Rs 170 crore
• EBITDA up 55.1% at Rs 71.6 crore versus Rs 46.2 crore
• EBITDA Margin at 35.3% versus 27.2%

Bharat Forge Preview

Q4 FY26 Consol YoY

• Revenue expected to rise 18% at Rs 4559 cr vs Rs 3,853 cr
• EBITDA expected to rise 15% at Rs 772 cr vs Rs 671 cr
• Margin expected to fall 50 bps at 16.9% vs 17.4%
• Net profit expected to rise 30% at Rs 369 cr vs Rs 283 cr

Preliminary North American Class 8 Net Orders for April Fell to 25,500 Units

• Preliminary net orders in April fell 34% month over month (m/m) 
• On-highway and vocational segments declined sequentially, 
• YoY sales up 199% versus a very low base in April 2025. 
• Orders for 2026 to date are now up 110% y/y, pushing the cumulative 2026 order season growth up to 23%

Commentary post Q3 Results for FY27

• Post Weak Q3 results, Bharat Forge gave the most bullish commentary in 6 quarters
• ‘’Fair to say that the worst is behind us and things are starting to look up’’
• ‘’Domestic and exports markets looking strong across sectors’’
• ‘’Commencement of ATAGS execution in H2 FY27’’
• ‘’Expect high double digit top line growth and commensurate impact on profitability’’

KPIT Tech to NDTV Profit on Q4 earnings

• Do Not Expect Impact On EPS Due To Cymotive Deal
• Pivot To Solutions & Pdts Will Be Margin-Accretive
• Expect Revenue Per Employee To Keep Rising
• H1 FY27 May Be Softer Than The 2nd Half
• Profitability To Be Higher In Medium Term Vs Now
• Currency Volatility Has Impacted Our EBITDA
• Have Been Looking At Scaling Up R&D Investments

Meesho CFO to NDTV Profit on Q4 earnings

• Have Seen Good Traction In The Topline
•  Most Disruptions Behind Us Now
• EBITDA Margin Improved By 245 BPS Sequentially 
• Seeing Good Traction In Product Velocity

Hello and welcome to NDTV Profit’s live coverage of the Q4FY26 earnings season.

It’s another busy day on Dalal Street, with more than 100 companies set to announce their March-quarter results on May 7. Key names in focus include BSE, Britannia Industries, Dabur India, Biocon, Mahanagar Gas, Bharat Forge, Lupin, Pidilite Industries and MRF.

Stay tuned for live updates, key earnings highlight and more.